Victory Capital Management Inc. Has $9.75 Million Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Victory Capital Management Inc. increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 894.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,830 shares of the software maker’s stock after acquiring an additional 52,016 shares during the quarter. Victory Capital Management Inc.’s holdings in MicroStrategy were worth $9,750,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after acquiring an additional 6 shares during the period. GAMMA Investing LLC lifted its stake in MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after buying an additional 8 shares during the period. Cigna Investments Inc. New lifted its stake in MicroStrategy by 5.1% in the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after buying an additional 8 shares during the period. Crossmark Global Holdings Inc. lifted its stake in MicroStrategy by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after buying an additional 11 shares during the period. Finally, Dakota Wealth Management lifted its stake in MicroStrategy by 0.3% in the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock valued at $6,219,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 72.03% of the company’s stock.

MicroStrategy Stock Down 18.2 %

NASDAQ:MSTR opened at $387.50 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $78.52 billion, a PE ratio of -183.65 and a beta of 3.05. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The stock has a 50-day simple moving average of $228.07 and a 200 day simple moving average of $173.86.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($8.98) earnings per share.

Analysts Set New Price Targets

Several equities analysts have weighed in on MSTR shares. TD Cowen increased their target price on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Maxim Group increased their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein cut their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Barclays increased their price target on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Canaccord Genuity Group increased their price target on MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $331.13.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phong Le sold 1,252 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the transaction, the chief executive officer now owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,000 shares of company stock worth $23,231,977. 13.18% of the stock is owned by corporate insiders.

MicroStrategy Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.